NDXUSD

The pressure observed on technology stocks following Tuesday's inflation data could evolve into a new direction with today's US PPI data and unemployment claims. The increase in producer prices may strengthen expectations that the Fed will maintain its tight stance, thereby increasing selling pressure on interest-sensitive indices like the Nasdaq. A surprising increase in unemployment data, on the other hand, could be perceived as a signal of cooling in the economy and support the index.

Technical Levels: 23951.04 - 23674.51 - 23397.99 - 22844.94 - 22477.03 - 22251.89 - 22015.36

The support level at 22844.94 remains relevant; below this level, supports at 22477.03 and 22251.89 should be monitored. In recovery attempts, surpassing the pivot level at 23397.99 will bring the resistance at 23674.51 into focus.